The Indian rupee fell 23 paise to close at a record low of 92.63 against the U.S. dollar, pressured by a stronger greenback and continued FII outflows. Rising crude oil prices due to West Asia tensions also impacted sentiment.
The rupee fell 11 paise amid a strong US dollar, rising Brent crude prices ($69.53/barrel), and foreign fund outflows. ECB’s unchanged rates and US economic resilience added pressure. Experts warn of further volatility.
The rupee depreciated 30 paise to 71.30 against the US dollar in early trade Tuesday at the forex market on fresh demand for the US currency from importers.
The rupee appreciated by 19 paise to 70.98 against the US dollar in opening trade Monday, driven by weakening of the greenback in overseas markets and easing crude prices.
Indian equities did a U-turn on Friday after opening on a higher note and slumped as the session came to a close.
Equities opened flat on Wednesday with the BSE Sensex down 1.55 points at 36,43042.80.
The rupee edged 5 paise higher to 71.23 against the US dollar in early session at the interbank forex market Tuesday on fresh selling of the American currency by exporters and banks.
The rupee depreciated 34 paise to 72.79 against the US dollar in early trade at the interbank forex market Monday on foreign fund outflows.
Falling for the third straight session, the rupee weakened by 23 paise to 65.10 against the US dollar to hit its three-month low in opening trade at the forex market.
English
English
English
